IF
Independence Financial Advisors, LLC 13F Filings & Institutional Holdings (Q2 2026)
Independence Financial Advisors, LLCCIK: 0002066080
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$385.5M
Reporting period: 2026-06-30 · Number of holdings: 55
Independence Financial Advisors, LLC disclosed 55 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $385.5M and a quarterly turnover rate of 56.4%.
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Personality snowflake
- Concentration
- 24.12
- Portfolio Stability
- 56.38
- Momentum
- 100
- Sector conviction
- 64.36
- Diversification
- 100
- Sizing Uniformity
- 84.64
Independence Financial Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.060 — mathematically equivalent to about 17 equally-sized positions, well below its 55 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.54), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 2% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd FTEC
+88.8% $24.8M
Trim IEF
-93.0% -$18.2M
New buy PFF
Trim FELV
-32.5% -$7.8M
Sold out FENY
Trim FNCL
-92.8% -$10.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FELG | Fidelity Enh Lrg Cap Gwth | ETF-Other | 15.21% | +0.88% | +5.27% | |
| 2 | FTEC | Fidelity Msci Info Tech Indx | ETF-Tech | 10.46% | +5.79% | +88.78% | |
| 3 | FELV | Fidelity Enh Lrg Cap Val ETF | ETF-Other | 6.98% | -3.43% | -32.45% | |
| 4 | TIP | Ishares Tips Bond ETF | ETF-Other | 5.45% | +1.43% | +58.31% | |
| 5 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 5.36% | -0.45% | +7.69% | |
| 6 | ICVT | Ishares Convertible Bond ETF | ETF-Other | 4.46% | +0.67% | +13.85% | |
| 7 | PFF | Ishares Preferred & Income S | ETF-Other | 4.29% | +4.29% | NEW | |
| 8 | FDVV | Fidelity High Dividend ETF | ETF-Other | 3.57% | -1.48% | -25.09% | |
| 9 | FIDU | Fidelity Msci Indust Indx | ETF-Other | 3.52% | +0.14% | +4.61% | |
| 10 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 3.42% | +0.03% | +8.21% | |
| 11 | GLD | Spdr Gold Shares | ETF-Commodities | 3.37% | -0.34% | +22.85% | |
| 12 | FCOM | Fidelity Msci Comm Serv Indx | ETF-Other | 3.34% | -0.14% | +8.82% | |
| 13 | FDIS | Fidelity Msci Cons Discr Ind | ETF-Other | 3.29% | +1.38% | +81.19% | |
| 14 | FMAT | Fidelity Msci Materials Indx | ETF-Other | 3.11% | +3.11% | NEW | |
| 15 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 2.54% | +2.54% | NEW | |
| 16 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 2.01% | +0.68% | +41.79% | |
| 17 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 1.92% | +1.92% | NEW | |
| 18 | ISTB | Ishares Core 1-5 Year Usd Bo | ETF-Other | 1.91% | -0.36% | -2.16% | |
| 19 | IUSV | Ishares Core S&p U.s. Value | ETF-Other | 1.82% | -1.03% | -31.37% | |
| 20 | FALN | Ishares Fallen Angels ETF | ETF-Other | 1.82% | +1.82% | NEW | |
| 21 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 1.80% | +1.80% | NEW | |
| 22 | FLBL | Franklin Senior Loan ETF | ETF-Other | 1.78% | -0.12% | +8.82% | |
| 23 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 1.42% | -0.44% | -27.25% | |
| 24 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 1.34% | -0.68% | -34.39% | |
| 25 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.91% | — | +0.29% | |
| 26 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.47% | -0.01% | +0.30% | |
| 27 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.35% | -5.53% | -93.01% | |
| 28 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.34% | -0.01% | +0.13% | |
| 29 | FUTY | Fidelity Msci US Utilities | ETF-Other | 0.26% | -3.18% | -91.12% | |
| 30 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.26% | -1.99% | -86.53% | |
| 31 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.24% | -0.02% | +0.40% | |
| 32 | FNCL | Fidelity Msci Financial Indx | ETF-Other | 0.23% | -3.20% | -92.78% | |
| 33 | FHLC | Fidelity Msci Health Care | ETF-Other | 0.23% | -0.16% | -38.54% | |
| 34 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.17% | -0.01% | +0.39% | |
| 35 | AAPL | Apple Inc | Stock-Tech | 0.17% | -0.08% | -31.77% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.17% | -0.02% | — | |
| 37 | MTB | M & T Bank CORP | Stock-Financials | 0.17% | — | -0.04% | |
| 38 | MSFT | Microsoft CORP | Stock-Tech | 0.16% | -0.09% | -25.92% | |
| 39 | JHMM | John Hancock Multi Fact Mid | ETF-Other | 0.16% | — | +0.39% | |
| 40 | XOM | Exxon Mobil CORP | Stock-Energy | 0.15% | -0.13% | -20.52% | |
| 41 | CRH | CRH plc | Stock-Materials | 0.15% | -0.02% | +0.69% | |
| 42 | TD | Toronto-dominion Bank | Stock-Financials | 0.13% | +0.02% | — | |
| 43 | INDB | Independent Bank Corp/ma | Stock-Other | 0.12% | -0.01% | +0.63% | |
| 44 | HD | Home Depot Inc | Stock-Consumer Disc | 0.12% | -0.01% | -1.43% | |
| 45 | FREL | Fidelity Msci Rl Est Indx | ETF-Other | 0.10% | +0.01% | +20.45% | |
| 46 | GE | General Electric | Stock-Industrials | 0.10% | -0.01% | -19.38% | |
| 47 | GEV | GE Vernova Inc | Stock-Industrials | 0.08% | — | -15.53% | |
| 48 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.08% | — | — | |
| 49 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.08% | +0.01% | — | |
| 50 | RTX | Rtx CORP | Stock-Industrials | 0.08% | -0.01% | +0.19% |
1–50 of 55
Portfolio Performance
Performance for Q3 2026
+1.5%
Performance Last 4 Quarters
+14.7%
- Stdev
- +8.4%
- Beta
- +0.68
- Alpha
- +1.8%
- Max Drawdown
- -4.1%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +4.73
- Stutzer
- +0.61
- Treynor
- +0.26
- Sterling
- +1.31
- Calmar
- +4.52
- Information Ratio
- -1.33
- Tracking Error
- +4.2%
- Stdev Down
- +3.7%
- Winning Months %
- +80%
- Losing Months %
- +20%
- Best 12 Months
- +21.7%
- Worst 12 Months
- +14.4%
- Efficiency Ratio
- +0.76
- Sharpe
- +2.06
- Stdev Sectors
- +10.1%
- Skewness
- +0.02
- Kurtosis
- +1.15
- Upside Potential
- +5.76
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Independence Financial Advisors, LLC's most significant position changes for 2026-06-30: New buy: Ishares Preferred & Income S (PFF); New buy: Fidelity Msci Materials Indx (FMAT); Sold out: Fidelity Msci Energy Index (FENY); New buy: Ishares S&p Mid-cap 400 Valu (IJJ); New buy: Ishares S&p Small-cap 600 Va (IJS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FTEC | Fidelity Msci Info Tech Indx | +5.8% | +88.78% | Add |
| 2 | PFF | Ishares Preferred & Income S | +4.3% | NEW | New buy |
| 3 | FMAT | Fidelity Msci Materials Indx | +3.1% | NEW | New buy |
| 4 | IJJ | Ishares S&p Mid-cap 400 Valu | +2.5% | NEW | New buy |
| 5 | IJS | Ishares S&p Small-cap 600 Va | +1.9% | NEW | New buy |
| 6 | FALN | Ishares Fallen Angels ETF | +1.8% | NEW | New buy |
| 7 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +1.8% | NEW | New buy |
| 8 | TIP | Ishares Tips Bond ETF | +1.4% | +58.31% | Add |
| 9 | FDIS | Fidelity Msci Cons Discr Ind | +1.4% | +81.19% | Add |
| 10 | FELG | Fidelity Enh Lrg Cap Gwth | +0.9% | +5.27% | Add |
| 11 | IJT | Ishares S&p Small-cap 600 Gr | +0.7% | +41.79% | Add |
| 12 | ICVT | Ishares Convertible Bond ETF | +0.7% | +13.85% | Add |
| 13 | FIDU | Fidelity Msci Indust Indx | +0.1% | +4.61% | Add |
| 14 | TRV | Travelers Cos Inc/the | +0.1% | NEW | New buy |
| 15 | INTC | Intel CORP | +0.1% | NEW | New buy |
| 16 | IXUS | Ishares Core Intl Stock ETF | +0.1% | NEW | New buy |
| 17 | FENI | Fidelity Enhanced Intl ETF | 0% | +8.21% | Add |
| 18 | TD | Toronto-dominion Bank | 0% | — | Unchanged |
| 19 | FREL | Fidelity Msci Rl Est Indx | 0% | +20.45% | Add |
| 20 | QQQ | Invesco Qqq Trust Series 1 | 0% | — | Unchanged |
| 21 | VTI | Vanguard Total Stock Mkt ETF | — | +0.29% | Add |
| 22 | MTB | M & T Bank CORP | — | -0.04% | Trim |
| 23 | JHMM | John Hancock Multi Fact Mid | — | +0.39% | Add |
| 24 | GOOG | Alphabet Inc-cl C | — | — | Unchanged |
| 25 | GEV | GE Vernova Inc | — | -15.53% | Trim |
| 26 | VOO | Vanguard S&p 500 ETF | 0% | +0.30% | Add |
| 27 | JPM | Jpmorgan Chase & Co | 0% | +0.13% | Add |
| 28 | RSP | Invesco S&p 500 Equal Weight | 0% | +0.39% | Add |
| 29 | INDB | Independent Bank Corp/ma | 0% | +0.63% | Add |
| 30 | TSLA | Tesla Inc | 0% | — | Unchanged |
| 31 | HD | Home Depot Inc | 0% | -1.43% | Trim |
| 32 | GE | General Electric | 0% | -19.38% | Trim |
| 33 | RTX | Rtx CORP | 0% | +0.19% | Add |
| 34 | STIP | Ishares 0-5 Year Tips Bond E | 0% | +1.87% | Add |
| 35 | VIG | Vanguard Dividend Apprec ETF | 0% | +0.40% | Add |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 37 | CRH | CRH plc | 0% | +0.69% | Add |
| 38 | AAPL | Apple Inc | -0.1% | -31.77% | Trim |
| 39 | VZ | Verizon Communications Inc | -0.1% | EXIT | Sold out |
| 40 | T | At&t Inc | -0.1% | EXIT | Sold out |
| 41 | MSFT | Microsoft CORP | -0.1% | -25.92% | Trim |
| 42 | FLBL | Franklin Senior Loan ETF | -0.1% | +8.82% | Add |
| 43 | WMT | Walmart Inc | -0.1% | EXIT | Sold out |
| 44 | XOM | Exxon Mobil CORP | -0.1% | -20.52% | Trim |
| 45 | FCOM | Fidelity Msci Comm Serv Indx | -0.1% | +8.82% | Add |
| 46 | FHLC | Fidelity Msci Health Care | -0.2% | -38.54% | Trim |
| 47 | AVGO | Broadcom Inc | -0.2% | EXIT | Sold out |
| 48 | GLD | Spdr Gold Shares | -0.3% | +22.85% | Add |
| 49 | ISTB | Ishares Core 1-5 Year Usd Bo | -0.4% | -2.16% | Trim |
| 50 | IUSG | Ishares Core S&p U.s. Growth | -0.4% | -27.25% | Trim |
1–50 of 60
Filing History
FAQ
What is Independence Financial Advisors, LLC and what type of investor is it?
Independence Financial Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $385.5M, spread across 55 disclosed positions.
What are Independence Financial Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Independence Financial Advisors, LLC's top holdings by market value are:
1. Fidelity Enh Lrg Cap Gwth (FELG) — $58.7M (15.2%)
2. Fidelity Msci Info Tech Indx (FTEC) — $40.3M (10.5%)
3. Fidelity Enh Lrg Cap Val ETF (FELV) — $26.9M (7.0%)
4. Ishares Tips Bond ETF (TIP) — $21.0M (5.5%)
5. Ishares 3-7 Year Treasury Bo (IEI) — $20.7M (5.4%)
What changes did Independence Financial Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Independence Financial Advisors, LLC made 55 notable position adjustments: 9 new positions were initiated, 23 existing holdings were added to, 18 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Ishares Preferred & Income S (PFF); New buy: Fidelity Msci Materials Indx (FMAT); Sold out: Fidelity Msci Energy Index (FENY); New buy: Ishares S&p Mid-cap 400 Valu (IJJ); New buy: Ishares S&p Small-cap 600 Va (IJS)
What sectors does Independence Financial Advisors, LLC focus on?
Independence Financial Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 36.2%
• Information Technology: 20.3%
• Industrials: 13.7%
• Consumer Discretionary: 9.7%
• Energy: 8.0%
• Materials: 7.8%
Investment Profile
Independence Financial Advisors, LLC returned an annualized 18.4% over the trailing 15 months — outperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.68 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 36.2% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 56 over the past 4 quarters — a shift toward more active trading.
It has added to its GLD position over the past two quarters (+$11.9M, now $13.0M), while trimming FNCL over the same stretch (-$10.8M, still holding $899.3K).
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